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Book Chapter: Optimization of a bus and rail transit system with feeder bus services under different market regimes

TitleOptimization of a bus and rail transit system with feeder bus services under different market regimes
Authors
Issue Date2009
PublisherSpringer.
Citation
18th International Symposium on Transportation and Traffic Theory, Hong Kong, China, 16-18 July, 2009. In Lam, WHK ... (Eds.)(et al), Transportation and Traffic Theory 2009: Golden Jubilee, 2009, p. 495-516 How to Cite?
AbstractThis paper proposes analytical models for optimizing a bus and rail transit system with feeder bus services under different market regimes. The market regimes concerned include: monopoly (with profit maximization), social optimum (with social welfare maximization), and oligopoly. In the proposed models, transit operator aims to optimize the frequencies and fares of the bus, rail and feeder bus services, while accounting for the responses from transit passengers (in terms of travel mode choice as well as demand elasticity) to the level of transit services and fares. A solution algorithm is developed to solve the proposed models. Numerical results show that a single implementation of the feeder bus service scheme may not be most cost-effective. A joint implementation of the feeder bus service scheme and other schemes, such as transfer coordination between transit modes and integrated fare scheme, can significantly improve the performance of the multimodal transit system in terms of total social welfare.
Persistent Identifierhttp://hdl.handle.net/10722/118099
ISBN

 

DC FieldValueLanguage
dc.contributor.authorLi, ZC-
dc.contributor.authorLam, WHK-
dc.contributor.authorWong, SC-
dc.date.accessioned2010-09-26T07:49:02Z-
dc.date.available2010-09-26T07:49:02Z-
dc.date.issued2009-
dc.identifier.citation18th International Symposium on Transportation and Traffic Theory, Hong Kong, China, 16-18 July, 2009. In Lam, WHK ... (Eds.)(et al), Transportation and Traffic Theory 2009: Golden Jubilee, 2009, p. 495-516-
dc.identifier.isbn9781441908193-
dc.identifier.urihttp://hdl.handle.net/10722/118099-
dc.description.abstractThis paper proposes analytical models for optimizing a bus and rail transit system with feeder bus services under different market regimes. The market regimes concerned include: monopoly (with profit maximization), social optimum (with social welfare maximization), and oligopoly. In the proposed models, transit operator aims to optimize the frequencies and fares of the bus, rail and feeder bus services, while accounting for the responses from transit passengers (in terms of travel mode choice as well as demand elasticity) to the level of transit services and fares. A solution algorithm is developed to solve the proposed models. Numerical results show that a single implementation of the feeder bus service scheme may not be most cost-effective. A joint implementation of the feeder bus service scheme and other schemes, such as transfer coordination between transit modes and integrated fare scheme, can significantly improve the performance of the multimodal transit system in terms of total social welfare.-
dc.languageeng-
dc.publisherSpringer.-
dc.relation.ispartofTransportation and Traffic Theory 2009: Golden Jubilee-
dc.titleOptimization of a bus and rail transit system with feeder bus services under different market regimes-
dc.typeBook_Chapter-
dc.identifier.emailWong, SC: hhecwsc@hku.hk-
dc.identifier.authorityWong, SC=rp00191-
dc.identifier.doi10.1007/978-1-4419-0820-9_25-
dc.identifier.hkuros161102-
dc.identifier.spage495-
dc.identifier.epage516-
dc.publisher.placeBerlin-
dc.customcontrol.immutableyiu 150515-

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